Comprehensive Problem Chapter 7 During 2022, your clients, Mr. and Mrs. Howell, owned the following investment assets: Investment Assets Date Acquired Purchase Price Brokers Commission Paid at Time of Purchase 300 shares of IBM common 11/22/2019 $10,350 $100 200 shares of IBM common 4/3/2020 $43,250 $300 3,000 shares of Apple preferred 12/12/2020 $147,000 $1,300 2,100 shares of Cisco common 8/14/2021 $52,500 $550 420 shares of Vanguard mutual fund 3/2/2022 $14,700 No load fund * *No commissions are charged when no load mutual funds are bought and sold. Because of the downturn in the stock market, Mr. and Mrs. Howell decided to sell most of their stocks and mutual funds in 2022 and to reinvest in municipal bonds. The following investments were sold in 2022: Investment Assets Date Sold Sale Price Brokers Commission Paid at Time of Sale 300 shares of IBM common 5/6 $13,700 $100 3,000 shares of Apple preferred 10/5 $221,400 $2,000 2,100 shares of Cisco common 8/15 $63,250 $650 451 shares of Vanguard mutual fund